Observation on the rebound of the altcoin sector

The altcoin sector is rebounding synchronously with the mainstream coins. Many altcoins have entered the oversold range and started to rebound from oversold. The rebound of the Ethereum (ETH) series is relatively large. However, in the current market environment, it is not advisable to buy the bottom easily. Rebound is not equivalent to reversal, and it is still necessary to wait and see and wait for a clear reversal signal.

Emerging protocols and sector dynamics

The free casting function of the RGB++ protocol has been enabled, and the recent on-chain activity has increased. As a new protocol, RGB++ has a positive effect on the construction of the Bitcoin ecosystem and deserves continued attention. In the current sluggish market, wait for the sector to pick up before taking action.

Rune market observation

The rune market is still sluggish. It is recommended to pay attention to the high-quality currencies in the rune market and wait for the market to be washed out for the second time before starting.

Short-term strategy

Today, the altcoin sector is mainly on the sidelines. For more strategies for altcoins, please pay attention to the latest information from the community.